President Daniel Noboa delivered 10 apartments to families in the “Las Praderas de Bemani” condominium in Cuenca on March 18 as part of the Tu Casa Miti Miti program. The initiative, supported by allied financial institutions, aims to help thousands of families access their first home with preferential mortgage conditions.
The program is designed to provide Ecuadorian families with affordable housing options and easier access to credit. It offers mortgage loans at a 4.99% interest rate, requiring only a 5% down payment and repayment terms of up to 30 years. President Noboa said during the ceremony, “No hay nada que dé más justicia y dignidad que tener una casa propia, que tener algo que es suyo, que nadie se lo pueda quitar.”
Tu Casa Miti Miti includes both social interest housing (VIS), priced up to USD 85,796, and public interest housing (VIP), ranging from USD 85,800.82 to USD 110,378. The government has allocated an investment of USD 602 million for the program’s development through the Ministry of Infrastructure and Transport. Financial partners include Banco del Pacífico, Banco Pichincha, Banco General Rumiñahui, Mutualista Pichincha, and Mutualista Azuay.
Noboa emphasized that these credit facilities are possible due to efforts to organize Ecuador’s finances: “Toda la banca ha sido forzada a cobrar intereses más bajos. Y también contribuimos con USD 500 millones para que el fondo Miti Miti pueda subsidiar la tasa de interés que va directo a las personas.” He also mentioned additional benefits such as BIESS loans at a 2.99% rate for social interest housing.
Jonnathan Bermeo, representing the beneficiaries, thanked both the government and private sector for making the process straightforward: “dimos una entrada factible y gracias a Dios tuve la oportunidad, junto a mi esposa e hijos, de tener una vivienda propia, que es un sueño que siempre tuvimos”.
These actions are part of declaring 2026 as the Year of Construction in Ecuador—a move intended to boost strategic infrastructure nationwide. In Azuay province specifically, key projects like the Monay overpass and Cuenca–Molleturo road are underway.
